- INCOME TAXES

6 Months Ended

Jan. 31, 2020

- INCOME TAXES [Abstract]

- INCOME TAXES

NOTE 8 – INCOME TAXES

As of January 31, 2020, the Company had net operating loss carry forwards of approximately $44,132 that may be available to reduce future years’ taxable income in varying amounts through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The provision for Federal income tax consists of the following:

	January 31, 2020	January 31, 2019
Federal income tax benefit attributable to:
Current Operations	$592	$1,064
Less: valuation allowance	(592)	(1,064)
Net provision for Federal income taxes	$      0	$       0

The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows:

	January 31, 2020	January 31, 2019
Deferred tax asset attributable to:
Net operating loss carryover	$9,268	$6,673
Less: valuation allowance	(9, 268)	(6,673)
Net deferred tax asset	$    0	$      0

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $44,132for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.